Refining
Marathon, Teamsters reach pay deal at Detroit (U.S.) refinery
Teamsters members working at Marathon Petroleum's Detroit refinery have voted to ratify a seven-year collective bargaining agreement, the company and the union said on Sunday, three months after workers walked off the job.
Gazprom Neft plans to boost refined fuels output in 2025
Gazprom Neft plans to increase investment in major projects in 2025, and expects to increase oil refining and output of light oil products, the company's head, Alexander Dyukov said.
China’s refined oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 MM tonnes (t) (7.98 MMbpd) and is expected to fall 1.3% to 394 MMt in 2024, the CNPC Economics & Technology Research Institute said on Friday
Iranian oil prices to China hit new multi-year highs as sanctions hit shipping
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs.
Samsung E&A awarded $955-MM contract for 650,000-tpy biofuels plant in Malaysia
SAMSUNG E&A announced that it secured the EPCC contract for a 650,000-tpy biorefinery that will have the capability to produce sustainable aviation fuel and other biofuels such as renewable diesel/hydrogenated vegetable oil. This biorefinery will be located within PETRONAS’ Pengerang Integrated Complex, Johor, Malaysia.
Neste supplies renewable diesel to BMW for initial fueling of the company’s newly-produced vehicles in Germany
BMW is sourcing Neste MY Renewable Diesel™ for the initial fueling of new passenger cars produced at BMW plants in Germany. BMW also recently expanded its approval of the use of renewable diesel (also known as HVO100) across a large portion of BMW models.
Nigeria's Dangote Refinery makes first petrol export to Cameroon
Nigeria's Dangote Refinery said it has made its first export of petrol to Cameroon, a milestone that could pave way for regional energy integration and help stabilize fuel prices across the region.
EIA: U.S. crude stocks fall, fuel inventories rise on robust refining
U.S. crude inventories fell for the third time in a row, while fuel stockpiles rose in the week ending December 6, the U.S. Energy Information Administration (EIA) said, as refinery activity remained seasonally strong.
Wood Mackenzie: Defining the energy transition
As the energy landscape rapidly transforms due to decarbonization, electrification and geopolitical shifts, Wood Mackenzie has released five compelling charts that highlight key trends shaping the sector in the latest Horizons report.
Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels.
- LanzaJet expands partnership with Microsoft to strengthen the company’s global growth 6/13
- Phelan Green Group's $2.6-B eMethanol project remains on schedule 6/13
- Algeria launches $7-B investment plan to expand hydrocarbon processing 6/13
- AFPM/API: President Trump officially overturns California (U.S.) gas car ban 6/12
- Decision on oil refiner Italiana Petroli's sale expected around end-June 6/12
- EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases 6/12
